Over a million unemployed Americans who have been looking for work for at least six months will receive no further federal jobless benefits after Christmas week if Congress does not renew the Emergency Unemployment Compensation (EUC) program, which expires at the end of the year. Many more who lost their jobs more recently or will lose them in coming months will get no additional help in 2014 beyond their regular state-funded jobless benefits.
The premature turn towards budget austerity since 2010 has been a drag on economic growth and job creation. Extending EUC would help offset that drag as well as reduce hardship among jobless workers and their families. In contrast, letting EUC expire would increase hardship and cost the economy jobs. Read more
- Policy Basics: Unemployment Insurance
- Chad Stone Statement on October Jobs Report
- Off the Charts Blog: October’s Jobs Report in Pictures
- Chartbook: The Legacy of the Great Recession
- Key Things to Know About Unemployment Insurance
- Policy Basics: How Many Weeks of Unemployment Compensation Are Available?
The Supplemental Nutrition Assistance Program (SNAP, formerly known as the food stamp program) historically has been the most responsive federal program after unemployment insurance in assisting families and communities during economic downturns. The recent downturn was no exception.
While SNAP enrollment growth has slowed substantially in the last year, national enrollment is at an all-time high. Some critics have claimed that the fact that SNAP enrollment has not declined in tandem with the recent decline in the unemployment rate indicates most of SNAP’s enrollment growth of recent years is not related to the economy. The reality, however, is that SNAP enrollment and costs are high because the job market remains weak.
A recession is a significant decline in the size of the U.S. economy lasting more than a few months, normally visible in a variety of economic indicators. Economic stimulus policies aim to avert a recession or lessen its severity by boosting the economy in the short term. The unemployment insurance system helps people who have lost their jobs by temporarily replacing part of their wages, typically for up to 26 weeks.
- The Legacy of the Great Recession
Paul Van de Water
The Center examines the impact of changes in the economy on federal and state budgets, as well as the likely effectiveness of economic stimulus proposals. We also examine trends in employment and promote reforms to strengthen the unemployment insurance system.
Updated November 26, 2013
November 20, 2013
November 8, 2013
Updated November 8, 2013
Revised November 6, 2013
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